Italy: 2022 Electric Pulley Block and Electric Hoist Market Analysis

 For the fourth consecutive year, the Italian market for pulley tackle and hoists powered by an electric motor recorded growth in sales value, which increased by X% to $X in 2021. Over the period under review, consumption saw notable growth. Consumption of peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, production of pulley tackle and hoists powered by an electric motor shrank modestly to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Production of peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

In 2021, overseas shipments of electric pulleys and winches finally picked up, reaching X units for the first time since 2017, ending the three-year downward trend. Overall, however, exports fell significantly. The most significant growth rate occurred in 2014, when exports increased by X% over the previous year. Exports peaked at X units in 2017; however, from 2018 to 2021, exports were slightly lower.

Exports of electric pulleys and cranes to reach X dollars in value in 2021. During the period under review, exports showed a relatively stable trend pattern. The most significant growth rate occurred in 2014, when exports increased by X% over the previous year. As a result, exports peaked at X dollars. From 2015 to 2021, the export growth rate will remain at a low level.

France (X units) is Italy’s leading export destination for electric motor driven sheave blocks and cranes, accounting for X% of total exports. In addition, the exports of pulleys and cranes powered by electric motors to France exceeded four times that to the second main destination, the United Kingdom (unit X). Germany (X units) ranks third with X% of total exports.

From 2012 to 2021, the average annual growth rate of cargo volumes to France is -X%. Exports to other major destinations recorded the following average annual export growth rates: United Kingdom (-X% per annum) and Germany (+X% per annum).

By value, the largest markets for electric motor-driven sheave blocks and cranes exported from Italy are France ($X), the United Kingdom ($X) and Germany ($X), with an X% share of total exports. It is followed by Poland, Spain, Sweden, Australia, Slovenia, Switzerland, Canada, Russia, Hong Kong SAR and Bulgaria.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

In 2021, about X sets of electric motor-driven sheave blocks and winches were imported from Italy; an increase of X% compared to the previous year. During the period under review, total imports showed resilient growth from 2012 to 2021: their imports grew at an average annual rate of +X% over the past nine years. However, the trend pattern indicated that some significant fluctuations were recorded throughout the analysis period. Based on 2021 data, imports are +X% higher than the 2019 index. The most significant growth rate occurred in 2020, with an increase of X%. Imports peaked in 2021 and are expected to keep growing in the short term.

Imports of electric pulleys and hoists soar to $X by value in 2021. The total value of imports has grown at an average annual rate of +X% between 2012 and 2021; however, the trend pattern suggests some notable fluctuations in some years. During the period under review, imports peaked at $X in 2018; however, imports remained at lower levels from 2019 to 2021.

In 2021, China (X units) is Italy’s largest supplier of electric trolleys and hoisting machinery, accounting for X% of total imports. In addition, the import volume of electric tackles and electric hoists from China is more than three times that of Germany (X units), the second largest supplier. Bulgaria (X units) occupies the third position in the ranking with an X% share.

From 2012 to 2021, the average annual growth rate of sales from China is +X%. The average annual growth rates of imports in the remaining suppliers are as follows: Germany (+X% per annum) and Bulgaria (+X% per annum).

Germany ($X), Bulgaria ($X) and China ($X) are Italy’s largest supplier of electric motor-powered sheave blocks and cranes by value, accounting for X% of total imports. This was followed by Japan, the United Kingdom and Austria, which experienced an X% growth in import value and a +X% CAGR among the major suppliers during the period under review, while the procurement of other leaders experienced more moderate growth rate.

Statistics of various crane suppliers in Italy

In value terms, the largest pulley tackle and hoists powered by an electric motor suppliers to Italy were Germany, Bulgaria and China, with a combined 73% share of total imports. Japan, the UK and Austria lagged somewhat behind, together comprising a further 16%.

In value terms, the largest markets for pulley tackle and hoists powered by an electric motor exported from Italy were France, the UK and Germany, with a combined 35% share of total exports. Poland, Spain, Sweden, Australia, Slovenia, Switzerland, Canada, Russia, Hong Kong SAR and Bulgaria lagged somewhat behind, together comprising a further 21%.

The average export price for pulley tackle and hoists powered by an electric motor stood at $1,494 per unit in 2021, which is down by -6.4% against the previous year.

The average import price for pulley tackle and hoists powered by an electric motor stood at $191 per unit in 2021, increasing by 2.2% against the previous year.

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Italy: 2022 Electric Pulley Block and Electric Hoist Market Analysis